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The government determines the policy such as taxation and interest rates. This of course has a great effect on the economy as a whole but also on the individual. Individuals are the ones who react to the policy one way or the other and basically play out the hand of cards the government has dealt. With that being said there is also great power in the hands of the individual and the basic laws of economics are based on the individual acting in a certain way in order to maximize his or her profit.
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What economic system gives individuals the largest influence?
Market Economy.
Who believed that the government should influence the economy?
john maynard keynes
What is an economy without government influence?
Do you mean a name or what is it. For what is it, it's horrid.
Government can influence the economy by regulating what?
There are many ways government regulation can influence the economy. Probably the most dramatic way is by increasing or decreasing the amount of money -- the money supply. unsafe working conditions
Government and individuals share the economic decision making process is what?
Command economy
What economic system gives individuals the largest influence?
Market Economy.
How does the united kingdoms government influence the economy?
Adversely.
How does chile's government influence their economy?
eating food
How does Uruguay's government influence the economy?
# i like donuts # i like donuts
How does France's government influence its economy?
IDK i was asking you but you did not have the answers ugh
Who believed that the government should influence the economy?
john maynard keynes
What is an economy without government influence?
Do you mean a name or what is it. For what is it, it's horrid.
In both the socialist and communist the government will have a large influence on the economy?
True
Government can influence the economy by regulating what?
There are many ways government regulation can influence the economy. Probably the most dramatic way is by increasing or decreasing the amount of money -- the money supply. unsafe working conditions
Government and individuals share the economic decision making process is what?
Command economy
In both the socialist and communist systems the government will have a large influence on the economy.?
True
What is the government's role in a traditional economy?
The government has no role in a traditional economy other than keeping peace to the degree where different individuals can conduct trade in peace.
